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'm jim axelrod. a lot of holiday plans are out the window tonight due to a powerful storm system that stranded travelers on highways and at airports. it's blamed in at least six deaths. in the south, there are reports that 41 tornadoes have touched down since yesterday. one of them sheered off the front of the trinity episcopal church in mobile, alabama. luckily, no one was injured. the same system brought a blizzard to parts of the midwest, forcing the cancellation of more than 1,400 flights. tonight, it's headed to the northeast. winter storm warnings have already been posted. troy kehoe of our cbs station in indianapolis begins our coverage. troy? >> reporter: well, jim, here in bloomington, indiana, we've already seen 11.5 inches of snow so far, and it is still coming down with blizzard conditions here in the midwest. this has been a two-day storm leaving much of the country paralyzed. blinding snow with wind gusts topping 35 miles an hour have created whiteout conditions in the plains in midwest. by midday, a half-foot of snow had already fallen in indianapolis. george cumm
to the throne at next year's christmas reunion. jim meceda, nbc news, london. >>> if you plan to head to the movie, you better make sure you have a little extra time because many of this season's blockbusters are clocking in at almost three hours. a report from hollywood. >> reporter: they are epic productions, earning oscar buzz. >> shall we stop this bleeding? >> reporter: this year's blockbusters have something else in common. you better block out three hours if you want to see one. as we approach the end of the year, hollywood's heavyweights are posting some hefty run times. spielberg's "lincoln" clocks in at 2 1/2 hours. "les miserables" is almost three hours. >> and a whop iping 2:49, "neverending." >> they should all be called the never ending story. >> one word of advice, go to the toilet before the movie started. >> reporter: why try to hold the moviegoers attention so long. many say blame it on oscar. there's a feeling in hollywood the academy won't take a best picture contender seriously if it's under two hours. this time of year, studios are racing to release these epics b
a good christmas. i'm melissa lee. we're live from the new york stock exchange. jim cramer has the day off. the latest s&p schiller home price report has been released. the results being shown at the bottom of your screen. david blitzer will join us with a closer look at the numbers in just a few minutes. let's get a check on how we're setting up on this day after christmas trading session. the dow looking higher by about 15 points. s&p looking at about two points at the open. european markets closed on this day after christmas. the uk and france among those celebrating foxing day. we start off with, what else, retail. dips in spending in the mid-atlantic and northeast regions. luxury sales also weak. >> we're coming off the worst christmas eve for the dow since 2006. as the president cuts short his hawaiian vacation to deal with the fiscal cliff, just five days to go until we go over. >> threatening both coasts with workers snubbing up best and final contract offer. >> and more on the home front. we'll have more on the data and whether it can keep one of the best performing sectors of
in mobile, alabama, on christmas day. destroying several homes. weather channel's jim cantore live for us in mobile and joins us now. obviously, the sun is out and completely different now but explain why the monster system brought such a different batch of unexpected weather to certain places. >> reporter: well, we haven't had any big cold air masses in the east. so, you know, unless the gulf which is our fuel source is cooled off by a cold front, we can just take it as much as we want and that's what this storm did. came down, scooped up moisture, got warm and the jet stream came over and tornadoes that caused damage. this is a parish here, this is a an episcopal church. looking at the roof damage. you see a couple pieces of roof gone. that's not too bad. look how massive the church is and the top layer here, completely twisted by the tornado. all right? so that's going to have to be removed and rebuilt in through here. trees, power lines, damaged throughout mobile. we may have a four to five-mile path here but alabama power have been out all evening and morning getting some 40,000 peop
outbreak. >> that was the weather channel's jim cantore right there and mike seidel reporting. in a few minutes, we'll have the forecast on where the storm is headed today. that's just ahead in weather. >>> but right now, unfortunately, we turn to politics. as if tax hikes and spending cuts weren't enough, there's a new reminder that the nation's debt ceiling is also hanging over the budget talks in washington. in a letter to congress yesterday, treasury secretary timothy geithner warned the government would hit its legal borrowing limit by monday. without the okay to borrow more, geithner says the treasury will be forced to take "extraordinary measures" to keep paying the bills. so, that makes the government like the rest of us. he also referenced the impending fiscal cliff, which threatens to derail the economy if a compromise isn't be reached by next week on those big, unanswered issues. with both sides locked in a standoff, house republicans are calling on senate democrats to act first. democrats aren't budging much on their demands. they want to extend tax cuts on incomes below $25
them and companies of tomorrow will not get the funds they need to jim walton of walmart four million from dividends. they are top guys pulling the money out. when you look at investment dollars. we have seen so much fluxation in the stock market. stuart varney said it was an effort to cash out some of the money because they don't know what is happening next year. it proves the basic point. you raise taxes you are not raising revenues. most people will respond to thes . they are not sure and look at walmart. it is the walton family that is the richest family in the united states. they initially planned dividend pay out for january 2nd . uncertainty about the fiscal cliff. they are moving up it is yet another example of how we get around this. i would point out when companies are not paying out the dividends, it means we get waste we don't like. instead they spend on offices and private jets and otherwise they might have distributed those funds much >> yes. john tamny, have a great new years. >> and coming up on the show . how late is too late to get your kids eating right? >> and othe
Search Results 0 to 5 of about 6